[WSBAPT] TOD Deed for a coop?

[Lisa E Schuchman]

Thanks, John,

Yes, I think that’s correct.  I haven’t reviewed the paperwork yet, so it’s possible they have included that provision.  I was just hoping I was wrong.

Lisa E. Schuchman
206-960-4212
www.lisaschuchman.com<http://www.lisaschuchman.com/>

I learn, I give. – Gloria Steinem

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of John J. Sullivan
Sent: Wednesday, May 16, 2018 5:53 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] TOD Deed for a coop?

Lisa:

My recollection is that a coop interest combines a share of stock in the association with a long term lease linked to the shares.

Aren’t the transferability and manner of transfer controlled by a Shareholder Agreement? Can’t it be amended to provide for the Shares and lease to pass in accordance with a testamentary beneficiary designation?

John J. Sullivan
Sent from my iPhone

On May 16, 2018, at 5:18 PM, Lisa E Schuchman <lisa at lisaschuchman.com<mailto:lisa at lisaschuchman.com>> wrote:
Can a TOD Deed be used for a coop?  It isn’t real estate, so doesn’t seem likely.  If not, does anyone know how to make a coop a non-probate asset?

Thanks.

Lisa E. Schuchman
206-960-4212
www.lisaschuchman.com<http://www.lisaschuchman.com/>

I learn, I give. – Gloria Steinem

NOTE: I do not use encrypted email.  Messages sent to or from my office via email are not secure and may not be protected by attorney-client privilege. This email address is not monitored at all times.  If your matter is urgent, please phone my office during regular business hours.

Any tax advice included in this document and its attachments was not intended or written to be used, and it cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
P  Please consider the trees before printing this document
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